Last checked at 17 Mar 2020 14:53
Rolls-Royce Holdings plc
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Rolls-Royce Holdings plc announces that on 16 March 2020 the following awards were granted to its persons discharging managerial responsibilities (PDMRs):
1. Deferred share awards made under the Rolls-Royce Deferred Share Bonus Plan (DSBP) at a price of £4.896 per share. The deferred shares will vest in two years' time, provided that the PDMR remains an employee of a Rolls-Royce group company.
PDMR | Ordinary shares |
Warren East | 72,150 |
Stephen Daintith | 43,334 |
Thomas Bell | 38,972 |
Christopher Cholerton | 35,933 |
Mark Gregory | 22,197 |
Harry Holt | 26,045 |
Andreas Schell | 23,980 |
Paul Stein | 20,510 |
Benjamin Story | 24,633 |
2. Grant of conditional share awards made under the Rolls-Royce Long Term Incentive Plan (LTIP) at a price of £4.896 per share. The conditional shares will vest in three years' time, subject to performance criteria being met and are then subject to a further two-year holding period. In the event the performance conditions are not satisfied the awards will lapse.
After consideration, the Remuneration Committee determined that the 2020 grants would be maintained at the standard levels. We acknowledge that, in common with many other companies we have seen a recent significant fall in our share price due to external factors. Under the LTIP rules, the Remuneration Committee has full discretion to ensure that the final outturns reflect all relevant factors, including consideration of any windfall gains.
PDMR | Ordinary shares |
Warren East | 481,771 |
Stephen Daintith | 312,500 |
Thomas Bell | 214,938 |
Christopher Cholerton | 189,339 |
Mark Gregory | 137,868 |
Harry Holt | 161,765 |
Andreas Schell | 181,149 |
Paul Stein | 127,390 |
Benjamin Story | 153,000 |
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Warren East | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Executive | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Rolls-Royce Holdings plc | ||||
b)
| LEI
| 213800EC7997ZBLZJH69 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
Ordinary Shares of 20p each
GB00B63H8491
| ||||
Transaction 1 | ||||||
b)
| Nature of the transaction
| Grant of awards made under the Rolls-Royce Deferred Share Bonus Plan
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
72,150 £4.896 | ||||
Transaction 2 | ||||||
b)
| Nature of the transaction
| Grant of awards made under the Rolls-Royce Long Term Incentive Plan
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
481,771 £4.896 | ||||
e)
| Date of the transaction(s)
| 16 March 2020 | ||||
f)
| Place of the transaction(s)
| London Stock Exchange, Main Market (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Stephen Daintith | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Financial Officer | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Rolls-Royce Holdings plc | ||||
b)
| LEI
| 213800EC7997ZBLZJH69 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
Ordinary Shares of 20p each
GB00B63H8491
| ||||
Transaction 1 | ||||||
b)
| Nature of the transaction
| Grant of awards made under the Rolls-Royce Deferred Share Bonus Plan
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
43,334 £4.896 | ||||
Transaction 2 | ||||||
b)
| Nature of the transaction
| Grant of awards made under the Rolls-Royce Long Term Incentive Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
312,500 £4.896 | ||||
e)
| Date of the transaction(s)
| 16 March 2020 | ||||
f)
| Place of the transaction(s)
| London Stock Exchange, Main Market (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Thomas Bell | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| President - Defence and President & CEO of Rolls-Royce North America | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Rolls-Royce Holdings plc | ||||
b)
| LEI
| 213800EC7997ZBLZJH69 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
Ordinary Shares of 20p each
GB00B63H8491
| ||||
Transaction 1 | ||||||
b)
| Nature of the transaction
| Grant of awards made under the Rolls-Royce Deferred Share Bonus Plan
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
38,972 £4.896 | ||||
Transaction 2 | ||||||
b)
| Nature of the transaction
| Grant of awards made under the Rolls-Royce Long Term Incentive Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
214,938 £4.896 | ||||
e)
| Date of the transaction(s)
| 16 March 2020 | ||||
f)
| Place of the transaction(s)
| London Stock Exchange, Main Market (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Christopher Cholerton | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| President - Civil Aerospace | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Rolls-Royce Holdings plc | ||||
b)
| LEI
| 213800EC7997ZBLZJH69 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
Ordinary Shares of 20p each
GB00B63H8491
| ||||
Transaction 1 | ||||||
b)
| Nature of the transaction
| Grant of awards made under the Rolls-Royce Deferred Share Bonus Plan
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
35,933 £4.896 | ||||
Transaction 2 | ||||||
b)
| Nature of the transaction
| Grant of awards made under the Rolls-Royce Long Term Incentive Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
189,339 £4.896 | ||||
e)
| Date of the transaction(s)
| 16 March 2020 | ||||
f)
| Place of the transaction(s)
| London Stock Exchange, Main Market (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Mark Gregory | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| General Counsel | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Rolls-Royce Holdings plc | ||||
b)
| LEI
| 213800EC7997ZBLZJH69 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
Ordinary Shares of 20p each
GB00B63H8491
| ||||
Transaction 1 | ||||||
b)
| Nature of the transaction
| Grant of awards made under the Rolls-Royce Deferred Share Bonus Plan
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
22,197 £4.896 | ||||
Transaction 2 | ||||||
b)
| Nature of the transaction
| Grant of awards made under the Rolls-Royce Long Term Incentive Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
137,868 £4.896 | ||||
e)
| Date of the transaction(s)
| 16 March 2020 | ||||
f)
| Place of the transaction(s)
| London Stock Exchange, Main Market (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Harry Holt | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief People Officer | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Rolls-Royce Holdings plc | ||||
b)
| LEI
| 213800EC7997ZBLZJH69 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
Ordinary Shares of 20p each
GB00B63H8491
| ||||
Transaction 1 | ||||||
b)
| Nature of the transaction
| Grant of awards made under the Rolls-Royce Deferred Share Bonus Plan
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
26,045 £4.896 | ||||
Transaction 2 | ||||||
b)
| Nature of the transaction
| Grant of awards made under the Rolls-Royce Long Term Incentive Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
161,765 £4.896 | ||||
e)
| Date of the transaction(s)
| 16 March 2020 | ||||
f)
| Place of the transaction(s)
| London Stock Exchange, Main Market (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Andreas Schell | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| CEO - Rolls-Royce Power Systems AG | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Rolls-Royce Holdings plc | ||||
b)
| LEI
| 213800EC7997ZBLZJH69 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
Ordinary Shares of 20p each
GB00B63H8491
| ||||
Transaction 1 | ||||||
b)
| Nature of the transaction
| Grant of awards made under the Rolls-Royce Deferred Share Bonus Plan
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
23,980 £4.896 | ||||
Transaction 2 | ||||||
b)
| Nature of the transaction
| Grant of awards made under the Rolls-Royce Long Term Incentive Plan
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
181,149 £4.896 | ||||
e)
| Date of the transaction(s)
| 16 March 2020 | ||||
f)
| Place of the transaction(s)
| London Stock Exchange, Main Market (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Paul Stein | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Technology Officer | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Rolls-Royce Holdings plc | ||||
b)
| LEI
| 213800EC7997ZBLZJH69 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
Ordinary Shares of 20p each
GB00B63H8491
| ||||
Transaction 1 | ||||||
b)
| Nature of the transaction
| Grant of awards made under the Rolls-Royce Deferred Share Bonus Plan
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
20,510 £4.896 | ||||
Transaction 2 | ||||||
b)
| Nature of the transaction
| Grant of awards made under the Rolls-Royce Long Term Incentive Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
127,390 £4.896 | ||||
e)
| Date of the transaction(s)
| 16 March 2020 | ||||
f)
| Place of the transaction(s)
| London Stock Exchange, Main Market (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Benjamin Story | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Strategic Marketing Director | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Rolls-Royce Holdings plc | ||||
b)
| LEI
| 213800EC7997ZBLZJH69 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
Ordinary Shares of 20p each
GB00B63H8491
| ||||
Transaction 1 | ||||||
b)
| Nature of the transaction
| Grant of awards made under the Rolls-Royce Deferred Share Bonus Plan
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
24,633 £4.896 | ||||
Transaction 2 | ||||||
b)
| Nature of the transaction
| Grant of awards made under the Rolls-Royce Long Term Incentive Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
153,000 £4.896 | ||||
e)
| Date of the transaction(s)
| 16 March 2020 | ||||
f)
| Place of the transaction(s)
| London Stock Exchange, Main Market (XLON) | ||||
Name of officer of issuer responsible for making notification: Nicola Carroll FCG Date of notification: 17 March 2020 |